Multiple Streams For Millionaire Dreams

Introduction

We’ve all heard of multiple streams of income. Robert Allen wrote the book; we’ve all talked about multiple streams of income. Some of us have multiple streams of income; others of us desire multiple streams of income. Today, I’m going to talk to you about multiple streams for millionaire dreams. And I love the fact that it’s not called multiple pools of wealth, but it’s called multiple streams of income.

Ecclesiastes 11:1-6

I’m going to read a passage to you from Ecclesiastes, two passages. Ecclesiastes chapter 11 verses one through six. First, it says, “Cast thy bread upon the waters, for Thou shalt find it after many days. Give a portion to seven, and also to eight, for thou knowest not what evil shall be upon the Earth. If the clouds be full of rain, and they empty themselves upon the Earth, and if the tree fall toward the South or towards the North in the place where the tree falleth, there it shall be. He that observeth the wind shall not sow; he that regardeth the clouds shall not reap. As thou knowest not what is in the way of the spirit, nor how the bones grow in the womb of her that is with child, even so thou knowest not the works of God who maketh all. In the morning sow thy seed, in the evening withhold not thine hand, for thou knowest not whether shall prosper, either this or that, or whether they both shall be alike good.”

Ecclesiastes 5:1-3

The second passage is Ecclesiastes chapter 5 verses one through three. Here’s what it says: “Keep thy foot from thou goest to the house of God and be more ready to hear than to give the sacrifice of fools, for they consider not that they do evil. Be not rash with thy mouth, and let not thine heart be hasty to utter anything before God. For God is in heaven, and thou art upon the Earth; therefore, let thy words be few. For a dream cometh through a multitude of business, and a fool’s voice is known by a multitude of words.”

Interpretation

Multiple streams for millionaire dreams. The second passage is talking about, don’t talk about it, walk about it, right? Don’t just run your mouth and say a lot of words, thinking that somebody’s going to be impressed with your words, because a dream comes through a multitude of business, doing something. But a fool’s voice is known by the multitude of words.

Now, here’s what’s interesting. He said, “cast thy bread upon the waters.” This is King Solomon talking, by the way. I want you to notice there are two types of bodies of water upon the Earth.

Two Types of Bodies of Water

There are collections of water, big collections of water are called oceans, a little bit smaller collections of water called seas, a little bit smaller than that, a lake, smaller than that, a pond, smaller than that, a puddle. Are y’all tracking? So there are collections of water or what we could call pools of water. But pools of water aren’t moving. I mean, they move with waves if the wind blows, but they’re not flowing like a river, which is a second type of body of water. It’s a flowing body of water. A river is a flowing body of water, a stream is a flowing body of water, a creek is a flowing body of water.

Pools of Water

Now, when I talk about pools of bodies of water, there are two types of pools of bodies of water. The two types of pools of bodies of water are a pool that has an inlet and an outlet, and a pool that has an inlet and no outlet.

Living Organisms

Now, I’m talking about this because we’re talking about multiple streams of income. We’re not talking about multiple pools of income; we’re talking about multiple streams of income. So a pool of water is a body of water. Pools, about bodies of water, big pools of water that are alive, have an inlet and an outlet, and things live in them. Fish live in them, crawfish live in them, crabs live in them, alligators, crocodiles, sharks, and dolphins, all of these different living organisms live in pools of bodies of water that have inlets and outlets.

Dead Bodies of Water

But in dead bodies of water, like the Dead Sea, like the Great Salt Lake, they don’t have things living in them. In fact, the reason the Dead Sea is the Dead Sea is because it has an inlet because…

Two Types of Lakes/Seas in Israel

Got two lakes or two seas in Israel. What are they? You got in the north; you got the Sea of Galilee. It has an inlet and an outlet. You got the River Jordan. The water flows down the River Jordan into the Dead Sea. The Dead Sea receives and gives nothing. That’s why it’s the Dead Sea. So if you want your money to die, put it in a pool that has an inlet and no outlet.

Focus on Cash Flow

I—I—I—I’ve said that too fast, haven’t I? If you want your money to die, put it in a pool with an inlet but no outlet. Here’s the problem. Here’s why a lot of people don’t create wealth. They’re more focused on wealth accumulation, money accumulation, cash accumulation than they are cash flow. Now, I’m gonna say something; you may agree, you may disagree. I don’t care if you disagree; it’s okay. We’re still friends. You’ve been wrong before; I’ll let you be wrong again, okay? Just kidding.

Understand this: I would rather have 10 million dollars; I would rather have one million dollars of cash flow and no cash accumulated than 10 million dollars of cash accumulated and no cash flow. I know I said that too fast for you, didn’t I? Because cash flowing is cash growing. I wish I had some help in here.

So, we’ve been programmed by the cultural, hypnotic societal mechanism to accumulate big piles of money. You will never be rich until you understand that money, cash, is a tool to be used and not a pool to be viewed. You’ll never be rich, and I’m looking at the camera because I want you to wrap your mind around what I’m telling you.

As long as you, as an entrepreneur, as a business owner, an employee, or as a human being that makes money, as long as you are a cheapskate and you are afraid to spend money, you cannot become rich because every—you’ve heard me say this before, but I’m gonna say it in a different context—every word is a seed, every thought is a seed, every deed is a seed, and every dollar is a seed that I am sowing into the ground for my future. How many want to grow some big old money trees in your backyard? Wave at me! You want to grow some big money trees in your backyard? Well, guess what?

If you want to grow big money trees in your backyard, you have to sow money seeds. If you’re unwilling to sow money seeds, you can’t grow money trees. If you don’t grow money trees, you can’t produce money fruit. And so what happens is we have to stop building these dead lakes of money. So, I have to stop focusing on building these dead pools of money and start making sure our cash is flowing and turning into more money.

Creating Multiple Streams of Value

So, multiple streams for millionaire dreams. The first thing we have to do if we want our millionaire dreams to come true, we have to have multiple streams of value. We have to create multiple streams of value. How do I create a multiple stream of value? Ma’am, I’m about to tell you.

I often say, you know, wealth is not money. What is wealth? Wealth is the value I create for someone other than myself. So, if I am self-absorbed and selfish, I’m only going to be thinking about me.

Focusing on Others to Create Wealth

When I’m talking to you, if I’m thinking about me, when I’m talking to you, I can’t get wealthy. But if I’m thinking about how to solve your problem when I’m talking to you, now I can create wealth. So, if I become obsessed with solving other people’s problems, it’s virtually impossible for me not to get rich. So, I want to create multiple streams of value. Now, I can’t create value for someone until I discover what’s valuable to that someone.

Discovering Value in the Marketplace

So, how do I discover what’s valuable in the marketplace to someone other than me? Well, I have to realize where does value come from? Where does value come from? Value comes from more places than this, but these are the three places I’m going to talk about right now. The first place value comes from is past perceived voids create present pursued values.

Example: Cars

Now, here’s what happens. You may not care about cars, and so you still drive your 1999 Jeep Wrangler, let’s say because you don’t really care, but cars aren’t your thing. But you may look at somebody who likes cars, and they go buy a new Lamborghini or they go buy a new Bentley or a Rolls-Royce or whatever, Mercedes, whatever, and you may think, “Oh, they just think there’s someone.”

Well, before you judge that person, thinking you know why they’re doing that because you don’t care about cars, because it’s not your thing. If you bought that car, the only reason you’d buy it would be to show off. So, you assume that when the other person bought it, the only reason they bought it was to show off. But that’s not necessarily the case. See, past perceived voids create present pursued values. What does that mean?

Personal Example

When I grew up, my parents never bought a new car, never once in my lifetime in my house growing up, did my parents ever buy a new car. I like cars. I don’t buy cars to show off. I buy cars because I like cars. I like a particular kind of car. So, I’m going to tell you what kind of car I like. The kind I don’t have to work on at all.

Creating Value for Others

the kind that has a light that comes on, says, “Service required.” I take it and drop it off. That’s all I do. I just drop it off, and I leave. Sometimes I leave with a loaner car. I come back; I pick up my car, and it’s fixed. And I didn’t fix it. Why? Now, that’s valuable to me. Why? Because when I was growing up, all the cars I bought in my life were cars I had to fix before I could drive them. That was a past void; a car was a past void in my life, which created a present pursued value. That’s why I have a handful of luxury cars that are really, really nice. Why? Not because I’m trying to show off. I don’t really care what somebody thinks about me. I don’t need anybody to think anything about me. But that’s a past perceived void in my life.

Discovering Value in Past Perceived Voids

What’s a past perceived void in your life, right? Tony Robbins talks about the fact when he was a kid, he remembers being hungry. So what does he do? He feeds all these hungry people. Cool, right? So, whatever your past—I gotta discover what’s been missing in the past for the people I desire to serve. And then, once I discover what’s been missing in the past for them, I can offer that to them. And when I offer that to them, they’re happy to pay me money. How cool is that? Past perceived voids create present perceived values. But that’s not the only place value comes from.

Present Perceived Virtues

The second place value comes from is present perceived virtue creates present pursued values. What does that mean? Like if I—what’s virtue? Virtue, something good. So, if in your mind, like feeding homeless people is virtuous, then what you’re going to do is you’re going to seek to do that good. You’re going to use your money to pursue that virtue, whatever that virtue is for you. Right?

I’ve got a guy in one of my VIP students, and um, this guy, he said, “I got out of the joint. When I got out of the joint, I was homeless.” So, what does he do? He says, “Every week, I find some homeless people, and I go and I hand out hundred-dollar bills to homeless people.” Why? Because that’s a present pursued perceived virtue. Like, “I’m gonna help people who are where I used to be because that’s some good that I can do in the world.” Right? And so, whatever is virtuous to you, whatever is a good thing to you, that’s going to be one of the things you value. So, if you can help other people pursue their present perceived virtues, whatever that is, and for a lot of people, that’s money, for a lot of people, that’s fitness, and for a lot of people, that’s relationships, whatever it is, if I can help you achieve a virtue right now based on something I’m doing, you’d be happy to pay me. Or if you can help me, I’d be happy to pay you.

Future Perceived Visions

So, we’ve got to understand this word value is not just the word value. We have to understand what creates value. So, present perceived virtue also creates present pursued values. But also, future perceived visions—so, things that people are looking forward to in the future, that’s their clear vision of the outcomes they desire to have. If I can help a person based on their past perceived voids, their present perceived virtues, and their future perceived visions, if I can help them achieve those things, then they will pay me.

Discovering Value in the Marketplace

For doing that, because that’s the value, that’s what’s valuable to them. Here’s the mistake we make. The mistake we make is we make the mistake of thinking that our past voids create values for other people when they don’t. Ever. So, if I, if to me, cars as a past perceived void, but for you, cars are not a past perceived void, if I talk to you about, “Hey, if you learn how to do this skill, you’ll be able to buy whatever car you want,” you’re like, “I don’t care; I already drive the car I want to drive,” right? If to you, if to me, present virtue is being able to create a higher quality YouTube video, and that’s my virtue, and you talk to me about solving all the problems in the world, then I may not… that may not be my present pursued virtue that I’m perceiving, right? Or if I talk to you, so, to me, like creating high-quality YouTube videos is something good that I can do right now, and the better the quality, the better it serves people. So, if it comes time for me to buy a new camera, I buy a new camera. New microphone, buy a new microphone, do whatever. I buy whatever I got to do to create a higher caliber level of video; I’m gonna do that. Well, watch what happens if I want to talk—well, if you do this, you can create a better YouTube channel. What if you don’t have a YouTube channel? What if you don’t care about having a YouTube channel? All you want to do is go feed homeless people. Well, that’s not going to be a present pursuit. So, we talk to people about the things that we value, thinking that they’re going to value them because we think they’re valuable. They’re only valuable to us because we value them. Let’s say in the future, what you want to do is retire, but I don’t want to retire. All I want to do is build successful businesses so I leave a better inheritance to my children. But that’s not valuable to you. So if I talk to you about leaving an inheritance to your children, like, “I don’t care about leaving an inheritance to my children; all I want to do is retire.” Or vice versa, all you want to do is leave an inheritance to your children. I talk to you about your retirement; you don’t care. So I cannot uncover value to you. I can’t deliver value to you until I discover what you value. How am I going to discover what you value? I’m going to ask you what’s been missing in your life. I’m going to find out what you perceive as being the most good that you can do in the world. I’m going to find out what is the thing you desire in the future that you cannot have in the present. If I talk to you about those things, guess what? Now I’m talking to you about something you care about, and when I talk to you about something you care about, you can’t not buy.

Creating Value for Others

So, that’s value. We talked about that. So, multiple streams of value. So, what you have to do, how do I do it? I discover a void in the marketplace. I discover something that’s void, this emptiness. So, I talk to my client enough about them to discover what’s missing for them, as opposed to talking to them about my product, my opportunity, my pieces, my process, my personal 75,000 hours of my time. They don’t want 75,000 hours of my time; they want 75,000 hours of their time back, right? So, I discover what’s a void in the marketplace. Then I develop a value to fill that void. I discovered… I discovered a void in the marketplace. Here’s what I discovered. I discovered people don’t know how to optimize businesses. So, what did I do? I wrote Boss Moves.

Boss Moves: Business Optimization Success Secrets

What’s “Boss Moves Boss?” Boss Moves Boss is an acronym that stands for Business Optimization Success Secrets. Oh, Business Optimization Success Secrets, Boss Moves Boss Moves, Business Optimization Success Secret Moves. So what are those moves?

Move Number One: Lead Generation

Increase the lead generation.

Move Number Two: Increase Conversions

Increase the conversions of those leads.

Move Number Three: Increase Profitability

Increase the profitability through a premium value offer optimization.

Move Number Four: Create Continuity

Create continuity so that you have passive income coming in every month without you having to go out and get it.

These are the four moves that change business owners’ lives. People keep coming to me and asking, “Teach me how to do the moves, teach me how to do the moves right.”

So, what do they do? They see the value in it. They see the void in the marketplace, and they keep coming to me. But here’s the thing: you have to let them know. You have to use your voice to get your message to the marketplace, to declare that you have the value to fill their void. Whether it’s on YouTube, Instagram, or even in classified ads, you have to figure out a way to tell them.

It doesn’t matter if you have the value to fill their void if you don’t tell them. So, you have to use your voice to let them know that you’ve created a value to fill their void.

Okay, that’s multiple streams of value. After we create multiple streams of value, we have to create multiple streams of volume. What does that mean? Once I discover what you value, now I want to create that value in volume.

Here’s a secret: If you can make a dollar, you can make 10. If you can make 10, you can make 100. If you can make 100, you can make a thousand. If you can make a thousand, you can make a hundred thousand. If you can make a hundred thousand, you can make a million. So, if you find something that works…

My Best Advice: Don’t Get Bored, Get Paid

Here’s my best advice: don’t get bored with it, get paid with it. When you find something that works, stop suffering from entrepreneurial ADD. If something worked well, don’t abandon it; put it on rinse and repeat. Some people wonder how I do a challenge every month, like the “Make More Office Challenge.” They ask if I get tired of it. The answer is no, I don’t get tired of it; I don’t get bored with it; I get paid with it. I put it on rinse and repeat, doing it once a month, taking two hours a day for five days in a row. This generates hundreds of thousands of dollars, sometimes millions. So, no, I don’t get tired of it.

Mark discovered multiple streams of volume. He studied the marketplace’s potential. What does that mean? It means you want to study the market’s potential, not just finding a market with a few people wanting your solution. You want a market with millions of potential customers. One of my greatest entrepreneurial discoveries is that there are potentially millions of people worldwide who would love to buy what you want to sell them at the price you want to sell it for, if only they knew you existed.

So, why am I telling you this? Because if you do one thing, you can stop trying to find people to sell to. What should you do? Make yourself more findable for the people who already want to buy what you want to sell. There are potentially millions of people in the world who’d love to buy what you’d love to sell at the price you’d love to sell it for if they only knew you existed. Mind-blowing, right?

Study the market’s potential, then solve a massive problem. A massive problem means it’s a significant issue, and the pool of people who have this problem is substantial. In the United States, there are approximately 30 million businesses. Interestingly, 50% of the gross national product of the U.S. is produced by the square root of that number, roughly 5400 businesses. That means the other 29,995,000 businesses are under-optimized.

That’s a huge pool of businesses with a massive problem. If I can show those businesses how to do better, I can get rich. But what will make me even richer is if I can help those 5400 businesses become more optimized. You need multiple streams of value and multiple streams of business. Study the market’s potential, solve a massive problem for that market, and then sell with massive penetration.

How do you sell with massive penetration? Be everywhere. The fastest and best way I’ve found to be everywhere is YouTube. Creating YouTube videos helps the marketplace find out I’m here, and they can reach out and ask for help. I get paid to help them solve their problems.

Multiple Streams for Millionaire Dreams

So, when you help them solve their problem, they say, “Hey, Myron helped me solve my problem,” and it’s done.

Multiple streams for millionaire dreams means discovering multiple streams of value, developing multiple streams of volume, and then developing those multiple streams of volume with multiple streams of velocity. Velocity? Yes, velocity means speed because wealth is made with speed. What I mean is, you’re already making enough money to be rich, but you’re making it too slowly.

If you’re making $50,000 a year, that’s enough to be rich, but if you can change that $50,000 a year to $50,000 a month, congratulations, you’re 12 times richer than before. The amount of money hasn’t changed; it’s how fast you’re making it. Wealth is made with velocity.

So, the key is to speed up the rate at which you generate revenue and collapse timeframes. Get paid faster, but you don’t need to get paid more; you just need to get paid the same amount faster. Take your annual revenue, turn it into monthly revenue, then turn that into weekly revenue, and eventually, turn your daily revenue into hourly revenue.

The goal is to increase the rate at which you generate revenue because wealth is made with speed, and wealth is measured more in time than it is in money. If you make a million dollars, are you rich? It depends on how long it took you to make it. If it took 40 years, you’re not rich; if you made that same million dollars in a year, you are.

Stop living like you’ll live to be 972; live with intensity, as if you’re dying. Produce results faster. You want multiple streams of value, multiple streams of volume, and multiple streams of velocity because wealth is made with speed, measured in speed, and multiplied through steadiness.

So, should you get rich fast or slow? The answer is both. Get rich fast and multiply your wealth steadily. If you do these things, you’ll discover that these multiple streams will work to help you achieve your millionaire dreams. Hope that helps, and stay blessed. Like, subscribe, comment, and all that other YouTube stuff. I look forward to seeing you in the next video. Peace out, Cub Scouts.